The country acted fast to keep the virus in check as well as support affected people and businesses, said Kristalina Georgieva. Still, Egypt’s administration called on the International Monetary Fund for support in dealing with the economic impact.
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The country purchased more product from abroad this month, in spite of the uncertainty surrounding the global economic scenario. Goods whose imports went up include wheat, fertilizers, sanitary items, ethylene polymers and electric generators.
The online event ‘Encouraging and Developing Brazilian-Arab Bilateral Relations’ will be hosted by the Arab Brazilian Chamber of Commerce and Fambras Halal at 9 am on the 29th. Registration is open.
Mohammed bin Saleh Al Sada, who served a stint as Energy and Industry minister, said a robust economy and a USD 20,6 billion stimulus package will enable the country to manage the pandemic shock. He expects demand for gas to go up substantially in years to come.
Arab country will extend valid and expired visit visas for three months as an effort against COVID-19.
President Jair Bolsonaro has signed a law barring foreign sales of medical products and individual protection equipment for the duration of the state of public health emergency in the country.
According to Brazil’s poultry industry association ABPA, halal-certified chicken exports were weaker in the lead-up to the holy month of Islam. Muslim associations federation Fambras also reported a drop in halal protein certificates for several countries.
Q1 saw shipped volume drop 14.6% year-on-year to 2.5 million pairs of shoes shipped, with revenue sliding 11.1% to USD 14.7 million.
Real estate transactions reached USD 5.2 billion in Q1 in the emirate, up 22%. Government launched package that waives fees.
The Arab Authority for Agricultural Investment and Development (AAAID), comprising 21 member countries, is putting in place mechanisms to ensure food safety in the Arab world during the pandemic. It is looking to map out demand and suppliers of 14 types of products.
Brazilian Health Regulatory Agency reported in its website that drugs like nitazoxanide, chloroquine and hydroxychloroquine now need prior authorization from the agency to be exported.
The pandemic paved the way for cooperation among different rungs in the global supply chain and made it easier for countries to enter into partnerships, according to the speakers in an Arab Brazilian Chamber webinar.
Industries such as transport and ports had to rise to the occasion so trade would keep flowing amid the pandemic. The crisis ultimately fast-tracked digital solutions within the industry, according to experts from Brazil and elsewhere who were featured in an Arab Chamber webinar.
Brazilian construction tool company is interested in doing business with countries in the Middle East and North Africa.
